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MG Group fails to meet obligations on Series 04 bonds

September 20, 2011 | Cbonds

MG Group has not met obligations on Series 04 bonds due September 19. The issuer did not pay coupon 8 and 2.2% of the principal. The missed payment reaches RUR104.85m. It was not made due to lack of liquidity.

Issue: MG Group, 04

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesRussia09/17/20121,800,000,000 RUB-/-/-

Company: MG Group

Full company name"MG Group" LLC
Country of riskRussia
Country of registrationRussia
IndustryConstruction and development

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